A universal move upwards for stocks in the Greek bourse on Monday led the benchmark to major gains and the daily turnover well above the 100-million-euro mark. The main index has now climbed to levels unseen since the end of last July, while investors are also looking forward to the listing of Athens International Airport that the government has decided.
Imerys Bauxites' operations will merge with Mytilineos' wholly-owned subsidiary, Delphi Distomon, as part of the Metallurgy Sector's ongoing vertical integration. This move establishes the largest bauxite producer in Europe, significantly increasing the production capacity to 1.2 million tons annually - a European record and one of the largest globally.
Mytilineos Energy & Metals on Tuesday announced the signing of an agreement with the French company Imerys for the acquisition of 100% of the shares of Imerys Bauxites Greece Single Member Societe Anonyme for 10 million euros. The agreement concerns all bauxite mining activities in the Fokida area, which will now be part of Mytilineos' metallurgy branch.